Item 3. Legal Proceedings
ITEM 3. LEGAL PROCEEDINGS
Neither we nor our wholly owned subsidiaries are
currently subject to any material legal proceedings. From time to time, we, our consolidated subsidiaries and/or Saratoga Investment Advisors
may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our
rights under contracts with our portfolio companies. Our business also is subject to extensive regulation, which may result in regulatory
proceedings against us.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.